After getting to know Bitcoin, the next step is to buy it. In this article, we will teach you how to buy Bitcoin in simple language and explain the safe storage of this digital currency.
buy bitcoin; Online and offline
As you probably know, Bitcoin has no physical form and is transferred entirely digitally. Therefore, you don’t need to go in person to buy bitcoins; You can buy bitcoins very easily and only through the internet.
Do we absolutely have to buy a whole bitcoin?
Also, the question that is always asked for newbies is whether we should definitely invest a few thousand dollars and buy a unit of Bitcoin?
No, like gold where you can only buy a few grams, Bitcoin is divisible up to eight decimal places and for example you can buy 0.001 of a Bitcoin or Even as much as 500 thousand tomans buy bitcoin
The safest way to buy Bitcoin is to visit a digital currency exchange website. You can also use the new feature of Aruzdigital to find the safest and most reliable Iranian exchanges.
Visit digital currency exchange websites
Although bitcoins can be bought in many ways, such as Telegram or WhatsApp groups or from real people, the safest way is to go to reputable exchange websites.
Bitcoin transactions are semi-anonymous, and buying this digital currency through social networks and people you don’t know is very risky, and in case of fraud, subsequent legal proceedings will be very difficult.
If you live in Iran, on an Iranian exchange site, you can easily buy bitcoins directly with your bank card or convert your other digital currencies to bitcoins.
But if you live outside of Iran, you can buy bitcoins from a foreign bitcoin exchange with your bank or credit card.
Learning how to buy bitcoins from exchanges
To buy bitcoins from an exchange, just follow a few simple steps:
- Install Bitcoin wallet
- Find an exchange a valid Bitcoin and registration in it
- Perform authentication with identification documents
- Buy bitcoin and receive in wallet
To find the best bitcoin buying and selling rate between Iranian digital currency exchanges, you can use the best bitcoin buying rate page.
1. Install Bitcoin wallet
Bitcoin purchase training includes pre-purchase and post-purchase steps. Before buying Bitcoin, you need to know that you need a place to store it. You can think of a Bitcoin wallet like your bank account, which can be used to receive, store and send Bitcoins.
There are different types of Bitcoin wallets and they are available under different names.
If we want to explain about wallets very quickly, software wallets are free and easily installed on mobile phones (Android and iOS) or personal computers (Windows, Linux and Mac).
Some other wallets are also under the web and can be connected to them with internet browsers (such as Chrome). On the other hand, more secure hardware wallets are physically available and must be purchased.
To learn about the best bitcoin wallets, we recommend you to read the article “The best bitcoin wallets”; But if you are looking for a safe option, you can use the Trust Wallet software to start. TrustWallet, which has the highest number of installs among all wallets, is only available for mobile.
Don’t forget to download wallets and related software from official and reliable sources. Software downloaded from unofficial sources can contain malware and threaten your property.
To receive bitcoins, you must provide your bitcoin wallet address at the time of purchase. The Bitcoin address is a text string like a bank account number that is displayed to you inside the wallet (from the Receive section).
Take security seriously
In the world of Bitcoin and digital currencies, you are responsible for maintaining your assets. Bitcoin transactions are irreversible and it will be very difficult to track if your Bitcoins are transferred due to lack of security measures.
Also, if your wallet gets deleted and you don’t have a backup, you’ll have to say goodbye to your bitcoins forever.
Therefore, be sure to make a backup copy of your wallet so that you can recover your funds if the wallet password is lost or the device on which the program is installed is damaged.
Wallets usually provide you with a set of 12 or 24 English words for backup, which you should write down in a safe place. With those words you can easily access your assets in case of any problem.
Also, if you use a computer to store your cryptocurrencies, be sure to install a reputable antivirus on it, always keep your software up-to-date, and never open suspicious files or links.
Be sure to double-check the address before sending bitcoins, because some malware will change the address at the moment of sending and replace the hacker’s address.
If you plan to invest a large amount, we recommend buying a hardware wallet. Ledger and Trezor are two of the best hardware wallets on the market.
2. Find a reputable bitcoin exchange
After choosing and installing a Bitcoin wallet, you need to find a reputable seller. You can buy bitcoins online both from real people and from sites called “digital currency exchange”.
Due to the many scams in this area, our suggestion is to buy bitcoins from reputable exchanges and do not trade with people you do not know on social networks.
Buying bitcoins from an Iranian exchange
If you live in Iran, buying Bitcoin directly with Rial and bank card through Iranian sites is one of the best possible options.
Just search the words “buy bitcoin” or “buy digital currency” in Google to come across a large number of Iranian exchange websites.
Usually, the websites on the first page of Google are valid and can only differ in price and quality of service. For example, an exchange can have higher liquidity or better support than others.
However, don’t rely on Google and be sure to check the validity of an exchange before signing up. Checking the address, phone number and activity history are among the most important things that you should check.
Buying Bitcoin from a foreign exchange
With international credit cards (such as Mastercard and Visa), PayPal, WebMoney, Perfect Money, other digital currencies (such as Tether or Ether), etc., you can also buy Bitcoin from foreign exchanges. Of course, if you live in Iran, due to the sanctions, it is not possible to buy directly, and usually you have to get help from middlemen, which increases the cost.
Coinbase (Coinbase.com), Bitstamp (Bitstamp.net) and Binance (Binance.com) are the biggest exchanges from which you can buy bitcoins with your credit card (Visa and MasterCard). Changelly.com is another popular site where you can buy bitcoins with a credit card.
Usually, in each country, one method of purchase is more popular than the other. For example, in Australia, most users use the Coinspot website to buy cryptocurrencies. To find the right way to buy Bitcoin in your country, just google the word “Buy Bitcoin” with the name of your country; Example: Buy Bitcoin in Australia.
Convert other digital currencies to Bitcoin
If you have Tether or other digital currency, you can convert it to Bitcoin in international exchanges like Kocoin.
For this method, you often have to go to Iranian exchanges to buy Tether and then convert it to Bitcoin.
Note that international exchanges do not allow users living in Iran to operate due to sanctions, and there is a risk of account blocking. However, most Iranian users are currently using Kocoin. You can learn how to convert digital currencies in this exchange in the “Cocoin Exchange Training” article.
3. Authentication with identification documents
In most digital currency exchanges, especially Iranian exchanges, you must authenticate by sending a photo of your identification documents after registration.
Authentication is done so that the exchange can be sure that you are the person who bought the bitcoin. This is done to prevent possible fraud and money laundering.
In most Iranian exchanges, you must send the image of your identification documents (such as national card and bank card) to the exchange to verify your account. Some exchanges ask you to take a selfie for more assurance.
How to perform authentication on the site of your choice is fully explained.
4. Transfer money to the exchange and purchase
In most Iranian exchanges, buyers and sellers are real people, and the exchange only plays the role of an intermediary and takes a small fee from each order for its services. In some other exchanges, users transact directly with the exchange itself.
After authenticating at the exchange, you can top up your account online with your bank card and buy bitcoins by registering a purchase order.
After buying bitcoins, some sites store the bitcoins in the wallets available on the site. Due to the high transfer fees on the Bitcoin network, if you are buying a small amount of Bitcoin, it is better to keep it on an exchange.
Is it legal to buy bitcoins?
There are no clear rules about Bitcoin yet; But keeping and buying Bitcoin is not prohibited or a crime for people in most countries of the world, including Iran.
Currently, there is no legal prohibition to buy bitcoins in itself, unless the purchased bitcoins are used to commit a crime (such as money laundering and terrorist financing).
On January 9, 2016, the Central Bank of Iran announced a ban on the use of Bitcoin and other virtual currencies in all monetary and financial centers of the country. According to this announcement, any use and purchase and sale of Bitcoin and other digital currencies in banks, financial institutions and exchanges licensed by the Central Bank was officially prohibited. But this ruling did not mean a ban for the people.
For more information, read: Are bitcoins and digital currencies legal in Iran?
Regarding possible frauds in this space, security institutions such as the police force and FATA police have responsibility and authority for frauds in this area as a technology. Aside from the debate about what digital currencies are, as a technology, the law can do the necessary follow-up as much as possible.
In case of any fraud, hacking or non-fulfillment of promises in the space of digital currencies, a person can file an official complaint and the court will deal with it.
Frequently asked questions about buying bitcoins
The best way to buy bitcoins in Iran is to visit Iranian exchange sites.
You may be able to buy bitcoins from real people in social networks (such as Telegram groups) without authentication; But this work has many risks and the person in question may be a criminal or a fraudster.
The answer to this question is relative; But from a general point of view, some people buy bitcoins directly from the miners (miners) so that there is no need to pay additional fees and costs to the exchanges.
No, bitcoins are converted into smaller units. For example, you can buy 0.001 of a bitcoin.
You can buy Bitcoin even with 100 thousand Tomans. Of course, some exchanges may define an amount as a minimum; But on paper, you can buy bitcoin with any amount that meets the fees of the bitcoin network and the exchange.
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